diff --git a/arch/x86/include/asm/cpufeatures.h b/arch/x86/include/asm/cpufeatures.h
index a8c2733c816c..e721b8426c24 100644
--- a/arch/x86/include/asm/cpufeatures.h
+++ b/arch/x86/include/asm/cpufeatures.h
@@ -310,6 +310,7 @@
 
 #define X86_FEATURE_SRSO		(11*32+24) /* "" AMD BTB untrain RETs */
 #define X86_FEATURE_SRSO_ALIAS		(11*32+25) /* "" AMD BTB untrain RETs through aliasing */
+#define X86_FEATURE_IBPB_ON_VMEXIT	(11*32+26) /* "" Issue an IBPB only on VMEXIT */
 
 /* Intel-defined CPU features, CPUID level 0x00000007:1 (EAX), word 12 */
 #define X86_FEATURE_AVX_VNNI		(12*32+ 4) /* AVX VNNI instructions */
diff --git a/arch/x86/kernel/cpu/bugs.c b/arch/x86/kernel/cpu/bugs.c
index 82417ce310cc..af612778a328 100644
--- a/arch/x86/kernel/cpu/bugs.c
+++ b/arch/x86/kernel/cpu/bugs.c
@@ -2316,6 +2316,7 @@ enum srso_mitigation {
 	SRSO_MITIGATION_MICROCODE,
 	SRSO_MITIGATION_SAFE_RET,
 	SRSO_MITIGATION_IBPB,
+	SRSO_MITIGATION_IBPB_ON_VMEXIT,
 };
 
 enum srso_mitigation_cmd {
@@ -2323,6 +2324,7 @@ enum srso_mitigation_cmd {
 	SRSO_CMD_MICROCODE,
 	SRSO_CMD_SAFE_RET,
 	SRSO_CMD_IBPB,
+	SRSO_CMD_IBPB_ON_VMEXIT,
 };
 
 static const char * const srso_strings[] = {
@@ -2330,6 +2332,7 @@ static const char * const srso_strings[] = {
 	[SRSO_MITIGATION_MICROCODE]      = "Mitigation: microcode",
 	[SRSO_MITIGATION_SAFE_RET]	 = "Mitigation: safe RET",
 	[SRSO_MITIGATION_IBPB]		 = "Mitigation: IBPB",
+	[SRSO_MITIGATION_IBPB_ON_VMEXIT] = "Mitigation: IBPB on VMEXIT only"
 };
 
 static enum srso_mitigation srso_mitigation __ro_after_init = SRSO_MITIGATION_NONE;
@@ -2348,6 +2351,8 @@ static int __init srso_parse_cmdline(char *str)
 		srso_cmd = SRSO_CMD_SAFE_RET;
 	else if (!strcmp(str, "ibpb"))
 		srso_cmd = SRSO_CMD_IBPB;
+	else if (!strcmp(str, "ibpb-vmexit"))
+		srso_cmd = SRSO_CMD_IBPB_ON_VMEXIT;
 	else
 		pr_err("Ignoring unknown SRSO option (%s).", str);
 
@@ -2431,6 +2436,20 @@ static void __init srso_select_mitigation(void)
 			pr_err("WARNING: kernel not compiled with CPU_IBPB_ENTRY.\n");
 			goto pred_cmd;
 		}
+		break;
+
+	case SRSO_CMD_IBPB_ON_VMEXIT:
+		if (IS_ENABLED(CONFIG_CPU_SRSO)) {
+			if (!boot_cpu_has(X86_FEATURE_ENTRY_IBPB) && has_microcode) {
+				setup_force_cpu_cap(X86_FEATURE_IBPB_ON_VMEXIT);
+				srso_mitigation = SRSO_MITIGATION_IBPB_ON_VMEXIT;
+			}
+		} else {
+			pr_err("WARNING: kernel not compiled with CPU_SRSO.\n");
+			goto pred_cmd;
+                }
+		break;
+
 	default:
 		break;
 	}
diff --git a/arch/x86/kvm/svm/svm.c b/arch/x86/kvm/svm/svm.c
index 0a212fe2cd39..fdb6007f2eb8 100644
--- a/arch/x86/kvm/svm/svm.c
+++ b/arch/x86/kvm/svm/svm.c
@@ -1485,7 +1485,9 @@ static void svm_vcpu_load(struct kvm_vcpu *vcpu, int cpu)
 
 	if (sd->current_vmcb != svm->vmcb) {
 		sd->current_vmcb = svm->vmcb;
-		indirect_branch_prediction_barrier();
+
+		if (!cpu_feature_enabled(X86_FEATURE_IBPB_ON_VMEXIT))
+			indirect_branch_prediction_barrier();
 	}
 	if (kvm_vcpu_apicv_active(vcpu))
 		avic_vcpu_load(vcpu, cpu);
diff --git a/arch/x86/kvm/svm/vmenter.S b/arch/x86/kvm/svm/vmenter.S
index 34367dc203f2..5be9a63f09ff 100644
--- a/arch/x86/kvm/svm/vmenter.S
+++ b/arch/x86/kvm/svm/vmenter.S
@@ -223,6 +223,9 @@ SYM_FUNC_START(__svm_vcpu_run)
 	 */
 	UNTRAIN_RET
 
+	/* SRSO */
+	ALTERNATIVE "", "call entry_ibpb", X86_FEATURE_IBPB_ON_VMEXIT
+
 	/*
 	 * Clear all general purpose registers except RSP and RAX to prevent
 	 * speculative use of the guest's values, even those that are reloaded